Britain’s bureaucrats have done it again. They’ve helped snatch defeat out of the jaws of victory.
The decision by Britain’s Competition and Markets Authority (CMA) to quash Microsoft Inc’s planned takeover of video game maker Activision Blizzard ATVI is just the latest fumble by the UK government. And together with a similar action by another British government agency, it could have a lasting and detrimental impact on the UK economy unless something changes soon. The action also trashes the Brexit promise of a more benign regulatory environment.
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